Using the formula for an infinite sum, if "r" designates the reserve ratio, the 1 / reserve ratio would equal:
A. (1 - r).
B. 1 / (1 - r).
C. 1 / [1 - (1 - r)].
D. r / (1 - r).
Answer: C
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Government regulations that set an environmental goal and dictate how the goal will be achieved are called:
a. effluent-offset regulations. b. incentive-based regulations. c. Coasian regulations. d. command-and-control-regulations.
If the variable on the vertical axis increases by 24 and the variable on the horizontal axis decreases by 3, the slope of the line is:
A. -24. B. -8. C. 3. D. 72.
Refer to the information provided in Figure 4.4 below to answer the question(s) that follow.
Figure 4.4Refer to Figure 4.4. Assume that initially there is free trade. If the United States then imposes a $25 tariff per barrel of imported oil, the tariff revenue generated will equal
A. $25 million per day. B. $50 million per day. C. $100 million per day. D. $125 million per day.
Refer to the information provided in Figure 15.1 below to answer the question(s) that follow. Below are cost curves for Dom's Barber Shop, a monopolistically competitive firm. 
Figure 15.1 Refer to Figure 15.1. From society's point of view, the ________ level is 25 haircuts.
A. shut down B. efficient output C. minimum output D. monopoly output